The interest charged by the bank, at the rate of 9%, on a 3-month, discounted notes payable for $100,000 is:
A) $9,000
B) $2,250
C) $750
D) $1,000
Answer: B
The interest charged by the bank, at the rate of 9%, on a 3-month, discounted notes payable for $100,000 is:
A) $9,000
B) $2,250
C) $750
D) $1,000
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